After a whirlwind week, our team has returned from #ClimateWeekNYC energized and hopeful (okay, maybe a little tired, too). Here's what we saw:
🐝 We’re beginning to value nature beyond carbon. While carbon remains an effective tool to drive financing, this year we saw more discussion around climate risk and the broader, interconnected social and ecological benefits of protecting and restoring nature #planetaryboundaries Taskforce on Nature-related Financial Disclosures (TNFD)
⚖ Climate action comes with risk and carbon markets are no different. The next chapter of climate action must look more like understanding and transparently communicating risk rather than investing in only proven, perfect solutions. Tools to assess this risk are proliferating.
✨ Not every claim needs to be the same. There will be multiple, high-integrity distinct pathways for companies to act and make claims in the VCM, a natural state in a voluntary market. We’ll keep watching Science Based Targets initiative, VCMI and ISO - International Organization for Standardization
🛰️ Nature tech is core to the digital future of the VCM. Remote sensing-based technologies, in particular, are maturing rapidly and increasingly used in any informed investment in nature.
🤖 The rapid growth of AI will have a tremendous energy impact that’s not slowing down. The most advanced AI companies will be at the forefront of shaping the next generation of carbon projects as they plan for future needs.
👂 It's time to listen. Communities from the Global South issued a call for strong rules and immediate finance through carbon markets. They sent a clear message: for far too long their voices have been ignored. The SBTi has the opportunity to shift this narrative, unlocking the flow of capital to communities most impacted by climate change.
Lastly, there are so many incredibly bright, determined people who are working tirelessly to transition to a low-carbon economy and hundreds of solutions emerging and maturing to get us there. Now it's back to work, tackling the great challenge of our generation.